The
interim Executive Director recapped what the committee had discussed on this topic at the previous meeting. She
explained that the National Office budget proposal was very conservative on “Shared Services,” and that WPFW and WBAI
were doing better in their current on-air fund raisers than they had in the recent past.

The committee discussed
the budget proposal.

The time for the special agenda item arrived and the committee agreed to go to the special
item and resume discussion of the National Office FY14 budget proposal after the next item was disposed
of.

Pacifica Radio Archives FY14 Draft Budget 9:33 PM (ET)

The Director of the Pacifica Radio Archives
(PRA), the interim Executive Director and the CFO presented the PRA draft FY14 budget proposal to the committee. PRA
projects an end of year surplus of $84,684 with revenue from a targeted appeal letter for PRA, car donations,
monetization of part of the collection and grants, along with Shared Services and on-air fund raiser days dedicated to
PRA. There are eight FTEs, some of which will not persist from all of FY14. The Chair noted that the spreadsheets given
to the NFC need to show all of the details, with nothing blacked out, as was done with some details in this budget
spreadsheet.

The committee discussed the PRA draft budget proposal. The CFO said that Shared Services revenue for
PRA has been produced on the same theory as for the National Office, with WPFW sending in 50% of its Shared Services and
WBAI sending in 20%.

It was agreed that any increase in National Office personnel
would be contingent on the Executive Director being able to raise the money for those positions in some way, including
negotiating lower rates for national programming contracts.

The Chair said she needed some time to make the
calculations and asked the Secretary to take the chair for that time.

At 10:28 PM (ET) the Secretary took the
chair.

Discussion of the draft budgets continued.

Motion: (Richard Uzzell) “The NFC approves the PRA FY14
budget, with an additional $47,000 from 100% payment of Shared Services and recommends its approval to the PNB.” (Passed
without objection)